Iraq makes initial $650 mln oil payment to Kurds

October 2, 2012 12:54

BAGHDAD- Iraq's Finance Ministry has begun making an initial payment of $650 million to Iraqi Kurdistan for oil companies working in the autonomous region, Deputy Prime Minister Rosh Nuri al-Shawish told Reuters on Tuesday.

"The federal Finance Ministry has started transferring the first oil payment of $650 million to the Kurdish region," Shawish said.

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